Regulatory Alerts2024-01-25
Ordinance No. 44 of 20.10.2011 on the requirements to the activity of collective investment schemes, their management companies, national investment funds, alternative investment funds and alternative investment fund managers
The Financial Supervision Commission issued this Ordinance to establish detailed regulatory requirements for the operation of collective investment schemes, management companies, national investment funds, and alternative investment fund managers. It mandates specific contractual obligations between investment companies and their managers or depositaries, while strictly defining liquidity standards and asset eligibility criteria to ensure schemes can meet redemption requests. The regulation further outlines rigorous procedures for asset valuation, risk management, and the use of derivative instruments to protect investor interests and maintain market stability.
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